The Float: EMC has support at $11, so it should rise to $18 in fairly quick order. Not short order, but quick order. EMC is also too big, that is total capitalization, to ever go under $10. This is another fundamental reason by Lewis from JPMorgan is full of "it", he was upgrading EMC on January 25th. He let slip his and JPM true agenda when he said on CNBC today that "we could not let this opportunity go by" meaning a quick short sell scare, and then insiders buy up EMC on the cheap. We are going to see a lot more of these ANALysts trying to steal investor dollars all the way back up as the economy and market recovers. I don't play that game, I just buy low and hold. There will be time enough to sell when EMC hits its all time highs again, NOT IF BUT WHEN, and in this recovery environment I can not afford to be univested for a moment, can not afford to watch the train leave the station without me, the safe bet is to BUY AND HOLD. Especially now at this low price.
I am,
Truly your$,
-Crystal Ball |
